Economy & Budget

Tax deal like a bait and switch mortgage

Republicans played President Obama like mortgage hustlers played homeowners. Focus on the teaser rates, borrow more than you need and trust us to work with you to refinance later.

Read More...

A tax-cut compromise that promotes jobs and a growing economy

Two weeks ago, middle-class Americans were anticipating a painful hit to their personal finances. Many faced the abrupt termination of unemployment benefits. The vast majority faced the real pain of higher taxes and smaller paychecks. Republicans were ready to inflict that pain — and, indeed, to blow a giant hole in America’s fragile economic recovery — simply to secure tax cuts for the wealthiest Americans.

Read More...

Tax deal: A $900 billion box of rotten tomatoes (Rep. John Lewis)

After hearing the details of the deal President Obama struck with Senate Republicans, I arrived at my office dressed in black; a black suit, black shirt, black tie, and even a black hat.  At first glance my staff thought I had adopted a new sleek GQ-look. I informed them that my dress for the day was not a new look. I was dressed in all black to mourn the American taxpayer. A bit dramatic perhaps but I am sincerely concerned. Nevertheless, as I am ever the optimist, this op-ed is not a eulogy; it is a 9-1-1 call for emergency assistance. 

Read More...

Social Security tax cut: A deal breaker

The extension of President Bush’s tax break for the richest 2 percent of taxpayers is the least popular part of the deal between President Obama and the Republican congressional leadership. However, the plan for a temporary reduction of 2 percentage points in the Social Security payroll tax is by far the most dangerous.

Read More...

Moving forward with the tax deal (Rep.-elect Rob Woodall)

The American voter is in control. If you have any doubt, look at the presidential election of 2008 and the congressional election of 2010. When the American voter talks, the political elite listens, and we need to look no further than this week’s tax cut compromise to see the result.

Read More...

Tax deal will help small businesses create jobs (Rep. Phil Roe)

This week, President Obama and Republican negotiators announced a deal that will extend all of the 2001 and 2003 tax cuts for two years while also extending unemployment benefits for 13 months, preventing the estate tax from being fully reinstated and cutting payroll taxes for a year. As I’ve been saying all year, no American should face a tax increase in this economic environment. Our top priority must be preventing a tax hike on any American.

Read More...

Americans not buying class warfare snake oil on taxes

What lesson have Democrats drawn from their election “shellacking” five weeks ago?

Class warfare.

That’s right: the liberal Democrat leadership in Congress is convinced that class warfare on taxes is their way out of the political wilderness.

Read More...

A viable blueprint for action (Sen. Judd Gregg)

The president’s National Commission on Fiscal Responsibility and Reform held its final meeting last week, wrapping up 10 months of information gathering and debate over the fiscal future of our country.

Read More...

Tax cut deal: Extends current programs, provides little spur to job growth

In a holiday season given mostly to Scrooge-like proposals for deficit reduction and belt-tightening that can only make recovery from the recession more difficult to achieve, the tax deal the White House struck with Congressional Republicans has what passes for virtue these days – it doesn’t make things worse.

Read More...

Pages